LERETA Acquires Wolters Kluwer’s Flood Determinations Solution

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LERETA, a provider of national real estate tax and flood services, has acquired the Flood Determinations Solution from Wolters Kluwer Governance, Risk & Compliance for an undisclosed sum.

In partnership with LERETA, Wolters Kluwer will continue to enable its lending customers to purchase flood determination services through its lending solutions.

Alongside its property tax and flood data services, LERETA will now also be able to provide flood determination services as well as basic, life-of-loan and commercial determinations and portfolio reviews.

“This acquisition will provide a seamless experience for customers,” says Jim Micali, chief operating officer at LERETA, in a release. “LERETA and Wolters Kluwer find alignment in their commitment to providing efficient and compliant flood zone determinations and certificates. Our combined industry expertise and experience will continue to provide customers the support they need.”

LERETA has a 33-year history of delivering flood and tax services and has delivered more than 19 million flood determinations to date.

Last week, Wolters Kluwer announced that it is acquiring digital lending software provider eOriginal for approximately €231 million in cash.

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